Common use of Rent Review Dates Clause in Contracts

Rent Review Dates. The Rent r e v i e w p e r i o d f o r c o mm u n i t y l e a s e s will be reviewed every 3 years, unless determined by Council 1 July 2020 1 July 2023 1 July 2026 Item 8 Term The term shall be ten (10) years commencing on the 1 July 2017 and ending on the 30 June 2027. Item 9 Further Terms Not applicable Item 10 Lessee’s Insurance Obligations Without affecting any further insurance to be effected by the Lessee as specified by the Lessor in writing to the Lessee, the Lessee shall effect policies of insurance in respect of: (a) public liability insurance for an amount not less than twenty million dollars ($20,000,000.00) for any one incident or such greater amount as may be specified from time to time by the Lessor; (b) the full insurable value on a replacement or reinstatement basis of the Lessee’s Building and Fixtures against fire, explosion, earthquake, aircraft, riot, civil commotion, flood, lightning, ▇▇▇▇▇, ▇▇▇▇▇▇▇, smoke, rainwater, water leakage, impact by vehicles, machinery breakdown or malfunction, and malicious acts or omissions; (c) employers’ indemnity insurance including workers’ compensation insurance in respect of all employees of the Lessee employed in or about the Leased Premises; (d) the full insurable value on a replacement or reinstatement basis of all plate glass windows and doors forming part of the Leased Premises; and (e) any other matter or thing which the Lessor and the Commission reasonably requires by notice to the Lessee, on the terms specified in clause 13 of the Lease.

Rent Review Dates. The Rent r e v i e w p e r i o d f o r c o mm om m u n i t y l e a s e s will be reviewed every 3 three (3) years, unless otherwise determined by Council . 1 July 2020 1 July 2023 1 July 2026 Item 8 Term The term shall be ten (10) years commencing on the 1 July 2017 and ending on the 30 June 2027. Item 9 Further Terms Not applicable Item 10 Lessee’s Insurance Obligations Without affecting any further insurance to be effected by the Lessee as specified by the Lessor in writing to the Lessee, the Lessee shall effect policies of insurance in respect of: (a) public liability insurance for an amount not less than twenty million dollars ($20,000,000.00) for any one incident or such greater amount as may be specified from time to time by the Lessor; (b) the full insurable value on a replacement or reinstatement basis of the Lessee’s Building and Fixtures against fire, explosion, earthquake, aircraft, riot, civil commotion, flood, lightning, ▇▇▇▇▇, ▇▇▇▇▇▇▇, smoke, rainwater, water leakage, impact by vehicles, machinery breakdown or malfunction, and malicious acts or omissions; (c) employers’ indemnity insurance including workers’ compensation insurance in respect of all employees of the Lessee employed in or about the Leased Premises; (d) the full insurable value on a replacement or reinstatement basis of all plate glass windows and doors forming part of the Leased Premises; and (e) any other matter or thing which the Lessor and the Commission reasonably requires by notice to the Lessee, on the terms specified in clause 13 of the Lease.